Technical Chart Analysis According to chart analysis, there is a possibility of further decline in Infosys shares. The stock has broken its recent support levels, with the next downside targets at ₹1650 and ₹1550.
RSI (Relative Strength Index): This indicates that the stock may still enter the oversold zone. Moving Average: The stock is trading below its 50-day and 200-day moving averages, signaling a bearish trend. Volume Analysis: A significant increase in volume suggests that large investors are also involved in this decline. Trading and Investment Opportunities
This situation could offer excellent opportunities for futures and options traders.
Short-Term Trading:
Consider taking short positions with ₹1650 and ₹1550 levels in mind. Trade with stop-losses and a proper entry-exit plan. Long-Term Investors:
Long-term investors may wait for further decline in the stock. Around ₹1400/1300, this could present a good buying opportunity.
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